8541 Deep Street
San Joaquin, CA 93660
- – beds
- – baths
- – sqft
- ~3 acre lot
- 2007 build
- – on site
Welcome to an incredible investment opportunity featuring 42 fully occupied townhomes in a thriving farming community just 25 minutes from Fresno. The property currently sits at an approximate 6% cap rate, with potential to significantly increase the cap rate by bringing the units up to market rents. These townhomes were built in 2007 and consist of: - 22 three-bedroom, 2.5-bath units at approximately 1,200 sqft - 20 two-bedroom, 1.5-bath units at approximately 900 sqft With each unit assigned its own APN for individual resale, this property offers excellent flexibility for investors. All 42 units are occupied, providing a reliable income stream. San Joaquin Townhomes has a waitlist and quickly fills any vacant units, demonstrating strong demand in this market. The property is low maintenance, which can be a significant advantage for investors looking to minimize upkeep costs and management time. The townhomes benefit from city water and sewer, as well as natural gas services. The grounds are well kept, featuring attractive landscaping, a playground, and a basketball hoop, creating a welcoming environment for residents. This location offers a fantastic living option for those working and living in the area, providing a more affordable alternative to Fresno with a short drive. Don’t miss your chance to capitalize on this promising investment opportunity! Ask about our assumable Mortgage at 4.8%! APNs
Listed By CRMLS_CA / Dylan Shull / Concierge Real Estate Services, Inc. / 209-628-1407
Last checked:
Checking…
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Last updated Oct 29, 2024
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MLS# MP24218768 —
The Building
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Year Built:2007
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Drywall Walls
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Entry Level:1
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Foundation:Slab
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Common Walls:2+ Common Walls
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Building Area Total:44320.00
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Building Area Units:Square Feet
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# of Buildings:13
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Total Number Of Units:42
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Stories Total:2
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# of Separate Gas Meters:42
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# of Separate Water Meters:45
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# of Separate Electric Meters:45
Interior
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Levels:Two
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Entry Location:From Main street
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Room Type:Kitchen, Laundry, Living Room
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Laundry:Inside
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Laundry:1
Location
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Directions:Off of main street in San Joaquin
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Latitude:36.61055000
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Longitude:-120.18279700
The Property
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Property Type:Residential Income
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Subtype:Condominium
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Lot Features:Corner Lot, Cul-De-Sac, Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot Over 40000 Sqft, Yard
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Lot Size Area:111472.0000
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Lot Size Acres:2.5590
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Lot Size SqFt:111472.00
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Lot Size Source:Estimated
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Fencing:Wood
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Fence:Yes
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Property Attached:1
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Additional Parcels:No
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Additional Parcels Description:See Description
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:82.00
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Tax Tract:5814
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Tax Lot:39
The Listing
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Special Listing Conditions:Standard
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Parcel Number:03323423S
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Utilities:Electricity Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Biking, Curbs, Park, Sidewalks
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Pool:None
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Private Pool:No
Extra Units
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Average 2 Bed Area:896
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Average 3 Bed Area:1200
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/23/24
Oct 23, 2024
|
Listed / Active | CRMLS_CA | $6,400,000 |